Live Demo Agent Trial
Live Demo Agent Trial Log In Sign Up
News Wire / politics

Saudi Arabia Outlines Five Year Expenditure Plan

developing Radio Orient Riyadh 14d14d Impact 8

Leaders of the Gulf Cooperation Council (GCC) held an extraordinary consultative meeting to discuss regional developments. The meeting follows news regarding the impact of UAE's decision to leave OPEC Plus on the global economy. OPEC currently accounts for 36% of global oil production and controls nearly 80% of the world's proven reserves. The meeting aims to discuss Iranian attacks and align the bloc's response amid fragile negotiations. Saudi Arabia's public investment fund may pull support for the live golf series in the future. The potential move follows the country's five-year expenditure plan outlined last week, which contained no mention of sports. Sources indicate this shift could adversely affect spectator numbers. The plan includes considerations for water reuse systems in various countries.

Leaders of the Gulf Cooperation Council (GCC) held an extraordinary consultative meeting to discuss regional developments. The meeting follows news regarding the impact of UAE's decision to leave OPEC Plus on the global economy. OPEC currently accounts for 36% of global oil production and controls nearly 80% of the world's proven reserves. The meeting aims to discuss Iranian attacks and align the bloc's response amid fragile negotiations. Saudi Arabia's public investment fund may pull support for the live golf series in the future. The potential move follows the country's five-year expenditure plan outlined last week, which contained no mention of sports. Sources indicate this shift could adversely affect spectator numbers. The plan includes considerations for water reuse systems in various countries. The source noted that water reuse systems may not be financially viable in certain regions where water costs are minimal. This development follows discussions regarding potential shifts in Saudi support for the LIV golf series. Saudi Arabia is planning to spend 82 billion dollars over the next five years. This includes the establishment of a sovereign wealth fund with 25 billion dollars in seed money.

Topics

GCC regional security Iran oil transport

Developing

  1. 862d Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore.
  2. 862d Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
  3. 862d Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est.
  4. 862d Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.

Sources · 7 independent

Radio Orient

“دول مجلس التعاون الخليجي ساعق دون اجتماعا تشوريا مخصصا لمناقشة المستجدات الأقلمية يأت أرميل بسبب الحصار إلى ذلك أفادت والسجورنل بأن إيران تحاول نقلا نفط برنا عبر القطارات إلى الصين”

Radio Orient

“دول مجلس التعاون الخليجي ساعق دون اجتماعا تشوريا مخصصا لمناقشة المستجدات الأقلمية”

Radio Orient

“دول مجلس التعاون الخليجي ساعق دون اجتماعا تشوريا مخصصا لمناقشة المستجدات الأقلمية... لبحث تطورات الأوضاع في المنطقة بظل تصاعد التوتورات الأقلمية”

Al Jazeera Arabic Voice

“The six Gulf states are completely in agreement on one opinion and one direction... the meeting confirms one truth: that even if they appear to have various positions, the six Gulf states are completely in agreement.”

Al Jazeera Arabic Voice

“دول الخليجة الستة متفقينه مجتمعين تماما على رأي واحد وعلى توجه”

Al Jazeera Arabic Voice

“The six Gulf states have met and are completely in agreement on one opinion and one direction... the region found itself in the middle of the storm due to the blatant aggression by Iran.”

Al Jazeera Arabic Voice

“the important development is the Iranian initiative that Iran has put forward during the past 24 hours... the summit will give us an indicator of how the United States will deal with this initiative”

Al Jazeera Arabic Voice

“the initiative is present in at least three Gulf capitals in addition to Turkey and Pakistan... to understand the path of this Iranian initiative and whether it will push towards a type of calm or a more positive negotiating path.”

Al Jazeera Arabic Voice

“هذه المبادرة حاضرة على أقل في ثلاث عاصم خليجية إضافا لتركيا والباكستان ما سنسمع من القمة سيكون مفيد لفهم مسار هذه المبادرة الإيرانية”

Al Jazeera Arabic

“العودة إلى الحرب ونعتقد أنها الآن تراجع وتفحص بدقة... استمرار الجمود له كلفة كبيرة اقتصاديا بالدرجة الاولى العودة إلى الحرب أمامها اقتصادياً”

Al Jazeera Arabic Voice

“the scenario that Gulf states are seeking to avoid most... 85% of the missiles and drones that Iran directed toward the Gulf countries compared to less than 15% to Israel.”

Al Jazeera Arabic

“العودة إلى الحرب أمامها اقتصادياً بالدرجة الاولى العودة إلى الحرب ونعتقد أنها الآن تراجع وتفحص بدقة”

Al Jazeera Arabic

“بالدرجة الأولى العودة إلى الحرب أمامها اقتصادياً بالدرجة الاولى العودة إلى الحرب في خمسة ثمانين بالمئة من الصواريخ والمسيارات التي وجهت إيران وجهتها لدول الخليج مقابل أقل من خمسة عش بالمئة إلى إسرائيل”

Al Jazeera Arabic Voice

“the options of the Gulf states were limited and few in this heat because they found themselves in the middle of the storm and the primary target with 85% of the projectiles and missiles that Iran directed toward the Gulf states compared to less than 15% to Israel, for example.”

Al Jazeera Arabic

“It is no longer a secret that the GCC allows its states to engage in commercial competition... these bilateral relationships, especially with Iran for example, must be a source of strength toward a unified position toward the Gulf.”

Al Jazeera Arabic

“these bilateral relationships in relations, especially what Iran for example is, must be a source of strength toward a unified position toward the Gulf”

Al Jazeera Arabic

“مواحد تجاه الخليج الآن كما يقال لم يعد الأمر سراً أن تتحدث بالتالي الحديث عن سيادة كاملة لإيران على الممارات البحرية وعلى مضيخهم روز لم يعد مقبولاً”

Al Jazeera Arabic

“دول الخليج تسعى إلى التفاق وستقرار دائم بدأ لأن يكون موقفاً أو”

Al Jazeera Arabic

“دول الخليج تسعى إلى التفاق وستقرار دائم بدأ لأن يكون موقفاً أو بالتالي الحديث عن سيادة كاملة لإيران على الممارات البحرية”

VOV1 Vietnam

“Các nhà lãnh đạo vùng Vịnh đã đến Riyadh để tham dự cuộc họp đặc biệt của Hội đồng Hợp tác Vùng Vịnh, GCC.”

Unlock the full story

Get a Pro subscription or above to see the live story progression and the full list of independent sources confirming each event as they happen.

Log in to upgrade